Harley-Davidson keeps 2017 forecast unchanged, shares fall

Posted - April 19 201701:14

Share:

Harley-Davidson keeps 2017 forecast unchanged, shares fall

Harley-Davidson, Inc. (NYSE:HOG) shares have been recently spotted -6.14% away from the 52-week high, and 45.67% away from the 52-week low mark. The stock was sold at an average price of $56.56, for a total transaction of $172,451.44. It has been assigned a low target price of $51 and a high target price of $72.

The stock subtracted in the prior trading session by -0.5%, closing at the stock price of $59.4. Shares of Harley-Davidson, Inc. are now valued at $56.79 with a furture target price of $60.18 according to research brokerages.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 7.27%, and has a solid year to date (YTD) performance of 2.47% which means the stock is constantly adding to its value from the previous fiscal year end price. (NYSE:HOG) stock. Over the past few months, insider ownership has seen a move of -57.95% while institutional ownership has changed -0.07%.

HOG stock was down 3% as of Tuesday morning. The Milwaukee-based company commands slightly more than half of the USA "big-bike" market: motorcycles with engine capacity of more than 601 cc. Company's distance from 20 day simple moving average is -2.45% and distance from 50-Day simple moving average is 0.52%. Harley-Davidson also saw some unusual options trading activity on Monday. Stock investors purchased 4,888 put options on the stock. This is an increase of 482% compared to the typical daily volume of 840 put options.

Analysts on average had expected earnings of US$1.02 per share, on revenue US$1.36 billion, according to Thomson Reuters I/B/E/S. It also came in below analysts' revenue estimate of $1.35 billion for the first quarter of the year. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Revenue fell 14% to $1.5 billion, compared to March 2016, as the Milwaukee-based bike maker restrained deliveries to dealers who are laboring to unload last year's models. During the same period in the previous year, the company posted $1.36 EPS.

Through last night, Harley's shares had gained 5% since Bill's story ran, but after today's earnings report, it's fair to say that much of what he predicted was borne out in Harley's numbers.

COPYRIGHT VIOLATION WARNING: This news story was reported by BBNS and is the property of of BBNS.

The target price for Harley-Davidson, Inc. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $56.88, for a total value of $5,688,000.00. Following the completion of the sale, the vice president now directly owns 2,195 shares in the company, valued at $125,115. The disclosure for this sale can be found here.

Harley-Davidson Inc also announced that paid a cash dividend of 36.5 cents per share to investors during its first quarter of 2017. Finally, State of Wisconsin Investment Board raised its position in shares of Harley-Davidson by 7.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company's stock valued at $201,000 after buying an additional 700 shares during the last quarter.

Related news

Richard had been battling "discomfort while eating" for several days, and finally chose to get treatment at a hospital on Monday. In March, ABC News confirmed that an LAPD detective conducted a welfare check on Simmons and said he's doing fine.

The latest leak reaffirms older rumors and points to a almost bezel-less front display on the upcoming smartphone. The iPhone 8 has hit rumor mills again, this time in the form of a couple of renders by Weibo leakster KK.

Kim Kardashian was reported by his side during his stay at the hospital, but she was overcoming her own dramatic experience. But editors at TMZ report West will not be playing at Coachella, with event bosses confirming the news to the outlet.

The right-hander struck out the side in the sixth and has struck out seven of the last nine batters he has faced. Chavez gave up seven hits and struck out five batters in his third start with the Angels this season.

However, quick-witted festival-goers enabled their "Find My iPhone" feature to help locate the whereabouts of the NY native. Police wants to remind everyone to take extra caution in crowded and unfamiliar places.

Users are no longer limited to a long list or a bar in their browser, as Edge now lets you manage your favourite sites easily. Microsoft truly has made a mark in the tech industry of the world, and it all started with the first Windows.

Facebook's new tool Precise Location tool is almost the same as Snap's new feature, also announced on Tuesday, World Lenses. The promise of augmented and virtual reality was a big focus of Facebook's annual conference for developers on Tuesday.

Goldman's profit rose from a hard year-ago quarter, with earnings per share of $5.15 versus $2.68 in the first quarter of 2016 . Revenue during the quarter grew 26.63 percent to $8,026 million from $6,338 million in the previous year period.

The crew aboard the International Space Station will be getting a visitor pretty soon in the form of an automated cargo ship. The SAFFIRE III experiment, the third in NASA's series of tests to study the spread of fire in space, will be conducted.

Certain parts of southern India are already facing a severe water shortage after receiving scanty rainfall in the winter months . With a weak El Nino and positive Indian Ocean Dipole, the conditions were favourable for a near normal rainfall, he said.

The Navy said an aircraft carrier that is intended as a show of force to North Korea will arrive in the region next week. Defense Secretary James Mattis told reporters on April 11 that the Carl Vinson was "on her way up there".